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Question
what are nationalised banks?
 Question Submitted By :: Finance
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Nationalised bank are those banks which are governed by the
RBI and Regulation act of 1949.
The banks which are included are as fallows:
1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab and Sind Bank
14. Punjab National Bank
15. State Bank of Bikaner & Jaipur
16. State Bank of Hyderabad
17. State Bank of India (SBI)
18. State Bank of Indore
19. State Bank of Mysore
20. State Bank of Patiala
21. State Bank of Saurashtra
22. State Bank of Travancore
23. Syndicate Bank
24. UCO Bank
25. Union Bank of India
26. United Bank of India
27. Vijaya Bank
 
Is This Answer Correct ?    215 Yes 74 No
Shrijesh Nair
 
Answer
# 2
Any private Bank under take by the Government is called
Nationalised bank
 
Is This Answer Correct ?    205 Yes 85 No
Sarwar
 
 
 
Answer
# 3
There are 19 nationalised bank in india which comes bank of
baroda,allahabad bank,andhra bk,maharashtra bk,canara
bk,central bk,corporation bk,dena bk,indian bk,indian
oversees,oriental bk,punjab &sindh bk,punjab national
bk,sindicate bk,uco bk,united bk,union bk,vijaya bk.
 
Is This Answer Correct ?    141 Yes 66 No
Asha Shankar
 
Answer
# 4
At present, there are 19 nationalised banks in India 
Is This Answer Correct ?    107 Yes 77 No
Sathya Priya
 
Answer
# 5
Nationalization of banks took place in 1969 in the Indira
Gandhi resigm, There are 27 nationalized banks.
The purpose was to give more attention to the agricultural n
rural needs.
Earlier to 1969 there was only one government bank that was
SBI. renationalization took place in 1980.
 
Is This Answer Correct ?    58 Yes 52 No
Anshuman
 
Answer
# 6
These are the nationalised banks in India The major
objective behind nationalisation was to spread banking
infrastructure in rural areas and make cheap finance
available to Indian farmers.
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab and Sind Bank
Punjab National Bank
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India (SBI)
State Bank of Indore
State Bank of Mysore
State Bank of Patiala
State Bank of Saurashtra
State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
IDBI Bank
 
Is This Answer Correct ?    18 Yes 12 No
Friends
 
Answer
# 7
Any bank which is governed by RBI and has nation wide
operations is called Nationalised Bank.
 
Is This Answer Correct ?    2 Yes 0 No
A V Radha
 
Answer
# 8
nationalised bank is those bank which is registered by the
governament. if that bank fulfil the conditon of banking
act.INDRA GHANDHI took a major step for nationalisation of
14 major commercial bank in india according to indian
banking act 1949.
 
Is This Answer Correct ?    16 Yes 16 No
Mohsin Khan
 
Answer
# 9
Why are all so confused?. Please keep it mind there are
currently 28 Nationalized banks till date. Not 19 or some
other else.
 
Is This Answer Correct ?    1 Yes 1 No
Manoj
 
Answer
# 10
Nationalization of Banks started in 1955, with State Bank of India being the first bank to be nationalized. Then in 1960, its seven subsidiaries (now six) were also nationalized. The process of nationalization of banks picked up speed in 1969, under the governance of then prime minister, Indira Gandhi and 14 banks were nationalized with the objective of spreading banking infrastructure in rural areas and make cheap finance available to Indian farmers.The second phase of nationalization of Indian banks took place in 1980, in which 7 more banks were nationalized with deposits over 200 crores. At present, the 27 nationalized banks are- (remember, State bank of Saurashtra is now merged with SBI)


Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab and Sind Bank
Punjab National Bank
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India (SBI)
State Bank of Indore
State Bank of Mysore
State Bank of Patiala
State Bank of Saurashtra
State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
IDBI Bank
 
Is This Answer Correct ?    0 Yes 0 No
Sri
 

 
 
 
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